UPDATE: The Chattanooga City Council held a second and final vote on Tuesday to approve a budget amendment that includes a new property tax rate.

The council voted 5-3 in favor of the ordinance.

This mean that Mayor Tim Kelly's proposal to set a property tax rate of $1.93 per $100 of assessed value will happen.

“This was a difficult but necessary process, and we are now in position to catch up to the inflation that has hollowed out the buying power of our city budget since 2021,” said Mayor Kelly. “I want to thank the City Council members who voted in favor of our proposal. Thanks to your courage, we’ll be able to fund the services that Chattanoogans expect from their government and, perhaps most importantly, give our police and firefighters the pay raises they need and deserve.”

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